Ensuring compliances under SEBI (prohibition of insider trading) regulations, 2015
Insider Trading results from trading in securities of a Listed Company by its Insiders while in possession of Unpublished Price Sensitive Information of the company. It is considered as a serious crime as it breaches the underlying trust & confidence among stakeholders. Regulators in India have become more vigilant and are devising ways to monitor Insider Trading. The term Insider Trading has gained significant prominence with the recent amendments in the SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulation”) has enforced to establish an efficacious mechanism for regulating market infraction. Our specialized team of company secretaries experienced in dealing with numerous listed companies are dedicated towards providing solution to meet their secretarial compliances and regulatory reporting.
Contact UsThere have been several changes in the PIT Regulations, necessitating Listed Companies to put in place a robust Internal Control mechanism and a Structured Digital Database to ensure that Unpublished Price Sensitive Information (“UPSI”) is shared only for legitimate purposes and is done through proper medium and with suitable recordings.
The responsibility of establishing the Internal Control Systems is cast on various levels, including the Board of Directors, Audit Committee, Managing Director, Chief Executive Officer, Chief Financial Officer, Compliance Officer and Key Managerial Personnel.
We, at CACS impart PIT training sessions to corporates to avoid any penal consequences attracted by the non-compliance of the PIT regulations.